Foreign Investment in Indian companies - आरबीआई - Reserve Bank of India
Foreign Investment in Indian companies
The Reserve Bank of India has on October 20, 2000 notified that no further purchases of shares of M/s.Hughes Tele.com (India) Ltd. should be made on behalf of foreign institutional investors (FIIs)/NRIs/OCBs/PIOs under the portfolio investment scheme without prior permission of the Reserve Bank. The Reserve Bank has stated that M/s.Hughes Tele.com (India) Ltd. has reached the trigger limit of 47 per cent of its paid up equity capital.
Alpana Killawala
General Manager
Press Release : 2000-2001/601
Monitoring of Investments in Companies
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